Private Mortgage Lenders in Montreal & Surrounding Areas
If your bank has denied you a conventional first mortgage to buy a home, other residential first mortgage private lending solutions are available.
What is a Private Mortgage?
A private mortgage is a loan created between you and a private lending company. Private mortgage companies establish their own lending criteria and negotiate the terms of the loan with you. The result? A tailor-made private mortgage that can be adapted to your current circumstances. In addition, most loans can be interest-only, meaning that your monthly payment schedule includes only interest and not the principal of the loan.
What Are the Benefits of Obtaining a Loan from a Private Lender?
The major benefits of a residential first private mortgage include the following:
- Easy application process
- Speedy closing
- Flexible financing solutions
- More funds usually available
Tristar Groupe has been providing private mortgage lending solutions to individuals and businesses since 2008. Let our professionals create a customized financing solution that will meet your needs.